XE Market Analysis: Europe – Sep 07, 2015

No clear direction emerged in early-week trade in forex markets in Asia. EUR-USD made time in the mid-1.11s, and USD-JPY gained slightly, to the 119.40 area after closing last week just below 119.00. Chinese stock markets reopened after last week’s two-day hiatus and have been volatile, with the Shanghai Composite presently showing over a 1% decline after earlier showing an advance of 0.9%. Japan’s Nikkei closed with a 0.35% rise, and S&P 500 futures are up by 0.6% after the cash index closed out Friday’s regular session with a 1.5% loss. Investors are still digesting Friday’s U.S.